Blankinship & Foster LLC Makes New $1.55 Million Investment in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Blankinship & Foster LLC bought a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 4th quarter, HoldingsChannel reports. The fund bought 55,923 shares of the company’s stock, valued at approximately $1,550,000. Schwab U.S. Mid-Cap ETF comprises approximately 0.4% of Blankinship & Foster LLC’s holdings, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHM. Advisory Alpha LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 195.3% in the fourth quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after purchasing an additional 3,782,365 shares during the period. Legacy Wealth Management Inc raised its position in shares of Schwab U.S. Mid-Cap ETF by 203.9% in the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock valued at $115,828,000 after buying an additional 2,804,735 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $67,051,000. Fragasso Financial Advisors Inc raised its position in shares of Schwab U.S. Mid-Cap ETF by 201.2% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock valued at $92,695,000 after buying an additional 2,234,519 shares during the last quarter. Finally, JMG Financial Group Ltd. grew its holdings in Schwab U.S. Mid-Cap ETF by 196.9% in the fourth quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock valued at $79,854,000 after purchasing an additional 1,910,992 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Schwab U.S. Mid-Cap ETF stock opened at $26.85 on Friday. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.64 and a 1 year high of $30.28. The firm has a 50 day moving average price of $28.33 and a 200 day moving average price of $28.14. The company has a market cap of $10.92 billion, a price-to-earnings ratio of 19.14 and a beta of 1.15.

About Schwab U.S. Mid-Cap ETF

The Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of mid-cap stocks in the Dow Jones US Total Stock Market Index. SCHM was launched on Jan 13, 2011 and is managed by Charles Schwab.